中国人民银行、中国证监会有关负责人答记者问

Core Viewpoint - The People's Bank of China and other regulatory bodies have issued a notification to further prevent and address risks associated with virtual currencies and tokenization of real-world assets, emphasizing the need for stringent regulations and risk management measures [1][2]. Group 1: Background of the Notification - The notification was prompted by the resurgence of speculative activities related to virtual currencies and tokenization of real-world assets, which pose new risks to financial stability and public safety [2]. - Previous efforts in 2021 to combat virtual currency trading had shown significant results, but new challenges have emerged, necessitating updated regulatory measures [2]. Group 2: Definition and Regulation of Virtual Currencies - Virtual currencies are classified as illegal financial activities in China, with a long-standing policy prohibiting their circulation and related business activities [3]. - The notification reiterates that virtual currencies do not hold the same legal status as fiat currencies and that any related services provided by foreign entities to domestic subjects are strictly forbidden [3][4]. Group 3: Regulatory Requirements for Virtual Currencies - The notification outlines that virtual currencies fail to meet customer identification and anti-money laundering requirements, posing risks for illegal activities such as money laundering and fraud [5]. - It emphasizes that no entity is allowed to issue virtual currencies abroad without proper authorization from relevant authorities [5]. Group 4: Requirements for Domestic Entities Engaging in Tokenization Abroad - Domestic entities engaging in tokenization of real-world assets abroad must adhere to strict regulatory oversight, ensuring compliance with local and international financial regulations [7]. - Financial institutions providing related services must integrate compliance and risk management frameworks to mitigate potential risks associated with these activities [7]. Group 5: Specific Measures Proposed in the Notification - The notification calls for a collaborative approach between central and local authorities to enhance risk prevention and management mechanisms [8]. - It emphasizes the importance of public education on the risks associated with virtual currencies and tokenization, aiming to improve public awareness and risk identification capabilities [9].